Economic Events on November 2, 2011

By B.P.T., on November 2nd, 2011

The Mortgage Bankers’ Association purchase index will be released at 7:00 AM EDT, providing an update on the quantity of new mortgages and refinancings closed in the last week.

The Challenger Job-Cut Report will be released at 7:30 AM EDT, providing an estimate of the number of layoffs in October.

At 8:15 AM EDT, the monthly ADP Employment Report will be released.  Investors will be watching this number to get advance notice on the state of the job market in advance of the government’s report on Friday.

At 9:00 AM EDT, the Treasury Refunding Announcement will be released, where the U.S. Treasury states its funding needs for the next two quarters.

At 10:30 AM EDT, the weekly Energy Information Administration Petroleum Status Report will be released, giving investors an update on oil inventories in the United States.

At 12:30 PM EDT, the FOMC Meeting Announcement will be made, which will provide insight into how long the Federal Reserve plans to keep rates at 0%.  It is assumed that there will be no immediate change in the Fed funds target rate, but any hint that rates could rise in the future could have an impact on the bond market and stock market.

At 2:15 PM EDT, Federal Reserve Chairman Ben Bernanke will hold a press conference to discuss the FOMC economic projections.

Join the forum discussion on this post - (1) Posts


Leave a comment   U.S. Economics   , , , , , , ,  

Economic Events on May 4, 2011

By B.P.T., on May 4th, 2011

The Mortgage Bankers’ Association purchase index was released at 7:00 AM EDT, and there was a week to week increase of 0.3% in the Purchase Index and a week to week increase of 6.0% in the Refinance Index.

The Challenger Job-Cut Report will be released at 7:30 AM EDT, providing an estimate of the number of layoffs in April.

At 8:15 AM EDT, the ADP Employment Report will be released.  Investors will be watching this number to get advance notice on the state of the job market in advance of the government’s report on Friday.

At 9:00 AM EDT, the Treasury Refunding Announcement will be released, where the U.S. Treasury states its funding needs for the next two quarters.

At 10:00 AM EDT, the ISM non-manufacturing index for April will be released.  The consensus estimate is that decreased by 0.3 points to a value of 57.0, and will continue to signal economic growth as it remains above the mid-point of 50.

At 10:30 AM EDT, the weekly Energy Information Administration Petroleum Status Report will be released, giving investors an update on oil inventories in the United States.

Join the forum discussion on this post - (1) Posts


Leave a comment   U.S. Economics   , , , , , ,  

Economic Events on May 5, 2010

By B.P.T., on May 5th, 2010

The Mortgage Bankers’ purchase index was released at 7:00 AM EDT, and there was a week to week increase of 13% last week, which is the third week of gains in a row, and was attributed to the end of the second federal stimulus program and low interest rates.

The Challenger Job-Cut Report was released at 7:30 AM EDT, and it showed that there were 38,326 layoffs in April, which is about 30,000 fewer layoffs than what were reported in March, and is another sign that the employment market is improving.

At 8:15 AM EDT, the ADP Employment Report will be released.  Investors will be watching this number to get advance notice on the state of the job market in advance of the government’s report on Friday.

At 9:00 AM EDT, the Treasury Refunding Announcement for the next two quarters will be released, telling bond investors what securities will be offered in that time frame and the dates of their announcement, auction and settlement.

At 10:00 AM EDT, the ISM non-manufacturing index for April will be released.  It rose 2.4 points in March, and the consensus estimate is that it increased 1 point last month, pointing to continued economic growth in the United States.

At 10:30 AM EDT, the weekly Energy Information Administration Petroleum Status Report will be released, giving investors an update after a drop in oil prices yesterday.

Join the forum discussion on this post - (1) Posts


Leave a comment   U.S. Economics   , , , , , ,